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taishiro
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Ruihe Digital’s BTC sale is relatively small in the context of Bitcoin’s market depth, so I wouldn’t read too much into the transaction itself.
What matters more is the reason behind it. Selling BTC to cover operating expenses highlights the financial pressure some publicly listed companies face when holding digital assets.
For the broader market, 38.76 BTC is unlikely to change the supply and demand balance.
#USCorePCERisesTo3.1%
中线情报哥
Ruihe Digital sold 38.76 $BTC, worth approximately 3.1219 million USD
Bro, I just came across this news: Hong Kong-listed company Ruihe Digital sold 38.76 BTC, cashing out about 3.1219 million USD, excluding transaction costs. The money is used as general operating funds, basically a cash flow shortage emergency rescue.
This volume has a negligible impact on the overall market, not a whale dumping, more of the company's own financial adjustment. Combined with previous judgments, ETF is weak but the coin price remains strong; such sporadic selling has long been absorbed by the market.
$ETH
$SNDK
#美国9月核心PCE升至3.1%，加息预期仍高
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